Hello,
The company looks like a great company to buy to the top. However buying from the current level does not make much sense. Wait for the share price to correct before placing the buy at around 49. The target rmains at the top with a stop loss at the bottom.
Good luck!
The Hugo Boss' profits and strategy are currently frozen with COVID and the wait for ex Tommy Hilfiger /PVH CEO Daniel Grieder to take seat as Hugo Boss CEO in June 2021. Since November 2020 many seems to be stacking "low priced" stocks, after a long 3Y period of decline.
February-March 2021 has been a period of acceleration for the stock price. Volumes haven't...
Hugo Boss is a new buy trade. Highly increased volumes are associated with a long white candle. The resistance area around 71/72 Euro is now under pressure and it might be broken, giving more room for a stronger movement upwards. Price oscillator is above the zero line and oriented upwards, as like our modified stochastic and Coppock Curve.
Textbook triangle breakout!
Bears failed to break to the triangle to the downside, Bulls are now dominating this market midterm.
Note the 50,100 and 200 DMA's are all tight together, big move probably coming.
Wait for a small retrace towards 60.00 and a bull bar put a Stop at 57.50
Buy and keep it in your portfolio.
Target 70 and potentially 80.
Keep it simple...
Launching next targets for 58, 62, 65 EUR. But this would mean European stocks in common remain in the middle of their bear market. (Maybe this was uploaded twice)
